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Kalera Expects To Achieve Cash Flow Break-even By End Of Fiscal Year 2023; Production Halt At Orlando And Atlanta Farms Will Result In An Annual Run Rate Reduction Of Operating Expenses Of ~$4.9M

By Benzinga Newsdesk
January 13, 12:17 PM
Kalera Public Limited Company ("Kalera" or the "Company") (NASDAQ: KAL), a vertical farming company headquartered in Orlando, Florida, provided an update on the steps it has taken and its plans going forward to achieve cash flow break-even by the end of fiscal year 2023.

KAL

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Kalera Plans To Temporarily Halt Production At Orlando And Atlanta Farms; Cost Cutting Measures Should Result In Total Annual Cost Savings Of Approximately 74% In 2023 Compared To Expenses Incurred In 2022

By Benzinga Newsdesk
January 13, 12:16 PM
Kalera Public Limited Company ("Kalera" or the "Company") (NASDAQ: KAL), a vertical farming company headquartered in Orlando, Florida, provided an update on the steps it has taken and its plans going forward to achieve cash flow break-even by the end of fiscal year 2023.

KAL

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On December 22, 2022, Kalera Shareholders Approved A 1-For-100 Reverse Stock Split

By Benzinga Newsdesk
December 22, 3:36 PM
Item 5.07Submission of Matters to a Vote of Security Holders. On December 22, 2022, Kalera Public Limited Company (the “Company”) held an extraordinary general meeting of shareholders (the “EGM”). As ofNovember 8, 2022, the record date for the EGM, 91,877,828 ordinary shares were outstanding and entitled to vote at the EGM.

KAL